London, 20th May: Palringo, the world’s largest network of mobile gaming communities, has today announced its acquisition of Finnish game developer, Tribe Studios.
Tribe Studios made its name with its patented Dramagame technology, which it uses to develop multiplayer role-playing games. The technology is built around chat interaction, where one game has multiple points-of-views and an unlimited amount of possible outcomes, based on player decisions.
Palringo, who recently announced 2014 revenue growth of 100% to $14m, has built their business around selling chat-based games, premium features and rich media messages.
85% of the company’s revenue now comes from games and it’s continuing to build out its gaming capability. The app currently has a collection of successful chat based games that can be played within large-scale chat groups.
Following the acquisition last year of Swedish game studio, Free Lunch Design, the company also develops native mobile games with Palringo community integration. The combination of in-app chat games and native mobile games, with the mobile community at the centre, sets Palringo in a unique space and leads the way for establishing the company as an integrated community games platform.
The Tribe Studios acquisition will enable Palringo to strengthen its capacity to develop engaging chat-based games for the app, with a focus on asymmetric multiplayer stories. The app’s model of real time messaging and gaming aligns it well for the integration of such social games into its mobile platform.
Speaking about the acquisition, Palringo CEO Tim Rea said: “Tribe Studios has a unique offering that fits perfectly with our ambitions of establishing Palringo as the pioneer in mobile community gaming. The combination of games, messaging and communities creates a fantastic, sustainable proposition.
“They have a great team and we’re excited to work with them to bring their Dramagame concept to mobile through Palringo’s chat games.”
Elina Arponen, Founder of Tribe Studios, said: “ We are very excited to join Palringo. In the chat environment we can really focus on the core elements of Dramagame and exceed player expectations. This is a great opportunity to build the next paradigm of mobile gaming.”
About Tribe Studios
Based in Helsinki, Tribe Studios Ltd. is the creator of award winning Dramagame multiplayer technology. Dramagame enables state-of-the-art asymmetric gameplay mechanics designed for non-linear storytelling. Previous Dramagame titles include Velvet Sundown and Altogame.
Palringo is the world’s largest network for mobile community gaming, connecting people around world to chat and play games together. Available on iOS and Android, the message-based gaming service allows users to play text-based games within large-scale chat groups. The company also develops and publishes its own mobile games with a community focus.
Palringo now has over 35 million global sign ups and more than 350,000 user created social groups.
Founded in 2006 in Newcastle, Palringo also has offices in London, Ipswich and Gothenburg.
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